On Monday, Unocoin announced it would resume trading today, and Bitcoin enthusiasts breathed a heavy sigh of relief.
Unocoin’s return signals a cautious all-clear for other exchanges to perhaps follow. In the global market, many expected India to fill the void that China left when the central break cut off exchanges from financial and payment institutions (some are now operating on a voucher system).
Bitcoin advocates and entrepreneurs in India recently formed Bitcoins Alliance India, which will lobby and advocate on their behalf. A lawyer spoke as a representative of the alliance at a press conference, calling on the government to clarify its stance toward Bitcoin.
Read the full article on Tech In Asia here.